What are some examples of excise?
In general, an excise tax is a tax is imposed on the sale of specific goods or services, or on certain uses. Federal excise tax is usually imposed on the sale of things like fuel, airline tickets, heavy trucks and highway tractors, indoor tanning, tires, tobacco and other goods and services.
Which goods are exempted from excise duty?
Exemption to capital goods and all goods (other than LDO, HSD and petrol) captively consumed for manufacture of final products (other than matches) - Notfn. No. 67/95-CE dated 16.3.1995.
What are 4 examples of excise taxes?
Federal excise tax is usually imposed on the sale of things like fuel, airline tickets, heavy trucks and highway tractors, indoor tanning, tires, tobacco and other goods and services.
Who is the head of excise department Odisha?
11 Supdts. of Excise of SouthernDivision Name and Designation1.Shri Ashis Singh, IPS, Excise Commissioner2.Shri Ramchandra Palta, OAS, E.D.C. (CD), Cuttack3.Shri Prassana Kumar Acharya, OES, E.D.C. (ND), Sambalpur4.Shri Santanu Ku. Nayak, OES, E.D.C. (SD), Berhampur
Who collects excise duty in India?
It is paid when goods are transferred from the production unit to a warehouse. This particular tax is governed by two sets of acts Central Excise Act, 1944 and Central Excise Tariff Act, 1985. Ideally, the Central Board of Excise and Customs is responsible for the collection of excise duty.
Who is the excise Commissioner of India?
(viii) Monthly Administrative Reports from Commissioners of Central Excise.A. Charge of Members: 1Shri Gaurav MasaldanJoint Secretary (Customs)7Shri Sunil Kumar SinhaCommissioner (Coord.)13 more rows
Which of the following products is exempt from excise duty?
4) Rope, twine and similar items are being exempted from excise duty.
What are the ranks in customs?
Hierarchy of Officers under CBIC Name of PostPay Band (6th CPC)Member, CBIC80,000/- (Fixed) ApexPrincipal Chief Commissioner/ Principal Director General80,000/- (Fixed) ApexChief Commissioner/ Director General75,500 - 80,000 (HAG+)Principal Commissioner / Principal Additional Director General67,000 - 79,000 (HAG)15 more rows
Is excise duty is an example of direct tax?
Excise duty is a form of indirect tax that is levied by the Central Government of India for the production, sale, or license of certain goods. Excise duty charges are also collected by state governments for alcohol and narcotics.
What means excise officer?
Excise Officer means an officer of the Excise Department of any State and includes any person empowered by the collecting Government to exercise all or any of the powers of an excise officer under this Act; Sample 1Sample 2Sample 3.